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ASP Isotopes Inc. ASPI R2K

Basic Materials · Chemicals · United States
https://aspisotopes.com

ASP Isotopes Inc., a development stage advanced materials company, engages in the production, distribution, marketing, and sale of isotopes in South Africa,Hong Kong, and United States. It operates in two segments, Nuclear Fuels, and Specialist Isotopes and Related Services. The Nuclear Fuels segment focuses on the research and development of technologies and methods used to produce high-assay low-enriched uranium (HALEU) and Lithium-6 for the advanced nuclear fuels target end market. Its Specialist Isotopes and Related Services segment engages in the research and development of technologies and methods used to separate high-value, low-volume isotopes, such as C-14, Mo-100 and Si-28, for target end markets, including pharmaceuticals and agrochemicals, nuclear medical imaging, and semiconductors; provision of related services; and operation of PET labs. The company offers the Aerodynamic Separation Process (ASP) technology, which separates gas species and isotopes in a volatile state; and the Quantum Enrichment (QE) technology, which separates isotopes. It also produces and commercializes Molybdenum-100, Molybdenum-98, and Ytterbium-176 for the nuclear medical industry. In addition, the company develops Zinc-68, Nickel-64, and Xenon-129/136 for the nuclear medical industry; Lithium-7, Uranium-235, and Chlorine-37 for the energy industry; and Germanium-70/72/74 for semiconductor markets. The company was incorporated in 2021 and is based in Dallas, Texas.

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$7.78
+2.91% 1Y

Market & Price

Market Cap
$979.53M
Current Price
$7.78
High / Low (52W)
$14.05 / $4.07
Beta
3.27

Valuation

Stock P/E
-
Industry PE
24.80
Forward P/E
-
PEG Ratio
-
Book Value
$2.29
Price to Book
3.39
P/S
36.38
EV/EBITDA
-13.74
Dividend Yield
-

Profitability & Returns

ROCE
-34.17%
ROE
-103.32%
ROA
-13.66%
Profit Margin
0.00%
Op Margin
-
EPS (Latest Qtr)
$-0.06
EPS (TTM)
$-2.21

Balance Sheet & Liquidity

Debt/Equity
0.88
Quick Ratio
4.19
Current Ratio
4.39
Debt
$261.84M
Total Assets
$498.02M
Current Assets
$399.92M
Working Capital
$367.22M

Ownership

Promoter Holding
13.05%
Chg in Prom Hold
0.03%
FII / Inst Holding
56.65%
Chg in FII Hold
0.08%

Financial Snapshot

Enterprise Value
$960.87M
Total Revenue (TTM)
$26.93M
EBITDA
$-69.91M
Free Cash Flow
$-39.83M
Operating Cash Flow
$-52.37M
Shares Outstanding
125.90M
Gross Margin
17.62%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-
Profit 5Y
-1,146.90%
Revenue (YoY)
279.30%
Earnings (YoY)
-

PROS

No notable strengths flagged.

CONS

  • Earnings shrank at -1146.9% CAGR over 5 years.
  • Trading 44.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ASPI ASP Isotopes Inc. R2K 7.78 - $979.53M - -34.17% -103.32% - -1,146.90%
2 LIN Linde plc NDXSPX 497.69 33.00 $230.11B 1.29% 13.07% 18.23% 0.62% 18.48%
3 NEM Newmont Corporation SPX 109.81 14.24 $117.23B 0.95% 22.51% 25.83% 23.91% 583.84%
4 FCX Freeport-McMoRan Inc. SPX 65.71 34.77 $94.46B 0.91% 12.93% 15.63% 4.39% -14.02%
5 SHW The Sherwin-Williams Company SPX 303.84 29.16 $74.94B 1.05% 20.04% 60.72% 2.10% 8.34%
6 CRH CRH plc SPX 108.79 20.18 $72.69B 1.43% 11.33% 15.81% 4.60% -1.15%
7 ECL Ecolab Inc. SPX 256.00 34.59 $72.05B 1.14% 14.89% 22.43% 4.26% 23.88%
8 APD Air Products and Chemicals, Inc. SPX 278.62 29.33 $62.04B 2.60% -0.62% 12.35% -1.77% -39.16%
9 NUE Nucor Corporation SPX 250.00 24.80 $56.94B 0.90% 8.80% 12.29% -7.84% -38.80%
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Quarterly Results

Figures in USD.

Metric Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---000840.35K1.02M--1.10M1.20M4.89M16.66M4.18M
Cost of Revenue ----------775.00K626.25K4.47M14.58M2.51M
Gross Profit ---000278.87K421.02K--327.00K572.10K423.18K2.08M1.67M
Operating Expenses ----------8.28M12.54M15.39M24.39M26.55M
Operating Income -858.25K-827.96K-1.95M-3.72M-4.35M-3.95M-5.81M-7.46M---7.95M-11.97M-14.97M-22.30M-24.89M
EBITDA -----------8.30M-74.45M-12.38M-61.95M-21.95M
Interest Expense ----------87.00K81.80K146.06K259.99K1.73M
Pretax Income -----------8.53M-75.06M-12.82M-63.15M-26.74M
Tax Provision -----------71.00K95.24K73.63K183.85K-31.00K
Net Income -857.59K-827.17K-1.96M-3.62M-4.29M-4.22M-6.96M-8.88M---8.45M-75.06M-12.87M-78.71M-6.88M
Diluted EPS ---0.06---0.14-0.16-0.24-0.12--0.12-1.03-0.15--0.06
R&D Expense 293.05K153.39K745.46K207.33K252.88K239.20K215.13K473.30K1.03M-1.53M879.92K3.10M-5.26M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 0433.03K4.14M23.85M
Cost of Revenue 0294.06K2.54M20.44M
Gross Profit 0138.97K1.60M3.40M
Operating Expenses 5.10M16.18M27.95M60.60M
Operating Income -5.10M-16.04M-26.35M-57.19M
EBITDA -4.95M-16.14M-31.58M-157.07M
Interest Expense 0118.55K259.00K575.00K
Pretax Income -4.95M-16.30M-32.31M-159.56M
Tax Provision 0-6.13K111.00K282.00K
Net Income -4.95M-16.29M-32.33M-175.09M
Diluted EPS -0.18-0.49-0.63-2.11
R&D Expense 1.27M764.58K3.14M12.36M

Compounded Sales Growth

5 Years:-
1 Year:279.30%

Compounded Profit Growth

5 Years:-1,146.90%
1 Year:-

Stock Price Performance

1 Year:+2.91%
6 Months:+29.88%
3 Months:+45.69%
1 Month:+57.49%

Balance Sheet (Annual)

Figures in USD.

Metric Sep 2021Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --12.50M27.54M94.35M498.02M
Current Assets --3.30M10.51M65.74M399.92M
Cash & Equivalents --2.39M7.91M61.89M285.56M
Inventory ---066.00K1.10M
Receivables --0216.50K707.00K17.88M
Total Liabilities --2.68M8.71M43.18M235.12M
Current Liabilities --1.94M5.67M7.06M32.70M
Long Term Debt ----34.87M200.79M
Total Debt --822.20K2.14M37.74M215.96M
Total Equity 0-9.82M16.30M47.90M204.15M
Shares Outstanding --35.91M48.92M72.07M111.68M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -2.94M-5.41M-16.70M-37.78M
Investing Cash Flow -4.47M-2.45M-11.37M-110.79M
Financing Cash Flow 6.64M13.39M82.53M371.60M
Capital Expenditure -4.47M-2.33M-11.37M-9.65M
Free Cash Flow -7.41M-7.74M-28.07M-47.43M
Net Change in Cash -772.00K5.52M54.47M223.03M

Ratios (Annual)

Figures in %.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -32.1%38.6%14.3%
Operating Margin % --3,704.6%-636.0%-239.8%
Net Margin % --3,761.0%-780.3%-734.2%
ROE % -50.4%-99.9%-67.5%-85.8%
ROCE % -48.3%-73.4%-30.2%-12.3%

Shareholding Pattern

Insiders
13.05%
Institutions
56.65%
Public Float
65.15%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 6.61% 8.33M $64.79M
2 Encompass Capital Advisors, LLC 5.49% 6.91M $53.78M
3 Vanguard Capital Management LLC 4.02% 5.06M $39.37M
4 Rovida Investment Management Ltd 3.26% 4.10M $31.90M
5 UBS Group AG 2.26% 2.84M $22.11M
6 Geode Capital Management, LLC 2.18% 2.74M $21.32M
7 Alyeska Investment Group, L.p. 2.14% 2.69M $20.95M
8 State Street Corporation 1.84% 2.32M $18.07M
9 Exchange Traded Concepts LLC 1.73% 2.18M $16.99M
10 AWM Investment Company, Inc. 1.69% 2.12M $16.53M

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